2735 Sweetwater Ave Phoenix, AZ 85029
128-Key Hotel, High NOI, 13.7% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Wyndham conversion potential; up to $4,000 per key increase.
- 13%+ capitalization rate based on actual financials.
- High-traffic location on I-17, with over 40,000 vehicles passing daily.
- Adjacent to the $800 million Metro Center redevelopment project.
- Strong market fundamentals; Arizona tourism generated $4.5 billion in economic impact in 2023.
Property Details for 2735 Sweetwater Ave
- Property type
- Hospitality properties, Hotels
- Square Feet
- 41,450 SF
- Year Built/Renovated
- 1974/2019
- Stories
- 2
- Lot Size (sq. ft)
- 76,666 SF
Location Insight
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.602934
- Longitude
- -112.1184771
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - 128-Key Hotel, High NOI, 13.7% Cap Rate
- Where is the hospitality property located?
- The property is located at 2735 Sweetwater Ave Phoenix, AZ.
- What is the asking price?
- The asking price for this property is $7,500,000.
- What are key features of this property?
- This property features: Wyndham conversion potential; up to $4,000 per key increase.; 13%+ capitalization rate based on actual financials.; High-traffic location on I-17, with over 40,000 vehicles passing daily.
- How can I contact the broker?
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